Exercise 1 Prepare an unadjusted trial balance with the following data:

Account (Account) Balance Accounts receivable (accounts receivable) 119,000

Prepaid insurance 20,500

Materials (supplies) 3,850 Cash?

Equipment 35,000

Accounts payable 45,000

Notes payable 42,800

Juan del Pueblo, capital 69,000

Juan del Pueblo, retreats (drawings) 20,000 Fee earned 835,000

Utilities expense 24,500

Salaries expense 620,000

Advertising expense 3,500

Rent expense 45,000